logo
Karooooo Reports Strong Q1 2026 Results Highlighted By Accelerating Cartrack Revenue Growth

Karooooo Reports Strong Q1 2026 Results Highlighted By Accelerating Cartrack Revenue Growth

Yahoo2 days ago
SINGAPORE, July 22, 2025--(BUSINESS WIRE)--Karooooo Limited ("Karooooo") reported strong results for the first quarter ("Q1 2026") ended May 31, 2025. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics.
Q1 2026 highlights include:
Q1 Cartrack Subscription Revenue growth accelerated to 19% Y/Y
Karooooo EPS increased 19% Y/Y to ZAR8.55 (Q1 2025: ZAR7.17)
Karooooo Subscribers increased 17% to 2.4 million (Q1 2025: 2.0 million)
Zak Calisto, CEO and Founder:
"We are pleased to report a strong start to FY 2026 highlighted by accelerating Cartrack subscription revenue growth across all regions. We are realizing the benefits of our extensive footprint, and we believe that we remain well positioned to build our customer base. We remain optimistic about continued healthy organic growth in all geographies. Southeast Asia continues to present the largest growth opportunity for us over the medium-to-long term and is our fastest growing region. Cartrack Subscription Revenue growth in Southeast Asia accelerated to 30% in the first quarter."
Cartrack total revenue increased 18% to ZAR1,156 million in Q1 2026 (Q1 2025: ZAR981 million). Cartrack subscription revenue increased 19% to ZAR1,138 million in Q1 2026 (Q1 2025: ZAR960 million). Cartrack delivered net subscriber additions of 84,013 during the quarter (Q1 2025: 75,910).
Karooooo Logistics continues to scale and its revenue increased 20% to ZAR121 million in Q4 2025 (Q1 2025: ZAR101 million).
Karooooo's EPS increased 19% to ZAR8.55 in Q1 2026 (Q1 2025: ZAR7.17).
Karooooo's consistently profitable business model, underpinned by a strong balance sheet and healthy cash position, positions it well to capitalize on a growing opportunity.
Full earnings: www.karooooo.com
About Karooooo
Karooooo digitally transforms physical operations by simplifying decision making. Through its cloud platform, Karooooo empowers businesses to conquer operations including fleet maintenance, fuel management and asset utilization, workforce management, logistics, safety, compliance, risk and environmental impact. Karooooo's differentiated insights and analytics simplify day-to-day operations and enable businesses to decrease costs, increase efficiency, improve safety and strengthen workforce and customer satisfaction. Karooooo is headquartered in Singapore and services more than 125,000 commercial customers and more than 2,400,000 active subscribers in more than 20 countries.
For more information, visit www.karooooo.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250722296714/en/
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Brompton Funds Declares ETF Distributions
Brompton Funds Declares ETF Distributions

Yahoo

time3 hours ago

  • Yahoo

Brompton Funds Declares ETF Distributions

TORONTO, July 24, 2025 (GLOBE NEWSWIRE) -- (TSX: BDIV, BEPR, BEPR.U, BLOV, BPRF, BPRF.U, HIG, HIG.U, SPLT) – Brompton Funds announces monthly distributions for record dates from July to September 2025 for each of the following exchange-traded funds ('ETFs'): Ticker Amount Per Unit Brompton Global Dividend Growth ETF BDIV Cdn$ 0.1200 Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF BEPR Cdn$ 0.0675 BEPR.U US$ 0.0675 Brompton North American Low Volatility Dividend ETF BLOV Cdn$ 0.0850 Brompton Flaherty & Crumrine Investment Grade Preferred ETF BPRF Cdn$ 0.1100 BPRF.U US$ 0.1100 Brompton Global Healthcare Income & Growth ETF HIG Cdn$ 0.0550 HIG.U US$ 0.0550 Brompton Split Corp. Preferred Share ETF SPLT Cdn$ 0.0550 Record Dates and Payment Dates are as follows: Record Date Payment Date July 31, 2025 August 15, 2025 August 29, 2025 September 15, 2025 September 30, 2025 October 15, 2025 About Brompton FundsFounded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs) and other Toronto Stock Exchange traded investment funds. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@ or visit our website at Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the ETFs, to the future outlook of the ETFs and anticipated events or results and may include statements regarding the future financial performance of the ETFs. In some cases, forward-looking information can be identified by terms such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'intend', 'estimate', 'predict', 'potential', 'continue' or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

BYD to start first car assembly in Pakistan by mid-2026
BYD to start first car assembly in Pakistan by mid-2026

Yahoo

time4 hours ago

  • Yahoo

BYD to start first car assembly in Pakistan by mid-2026

China's BYD has announced plans to commence the assembly of its first electric car in Pakistan by July or August 2026, aiming to meet the increasing electric and plug-in hybrid vehicle demand in the region, a company executive said, according to Reuters. This development comes as part of BYD's strategic expansion in the Asia-Pacific market and follows the company's plan to initiate vehicle sales in Pakistan last year. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service The Insurance Savings You Expect BYD Pakistan sales and strategy vice president, Danish Khaliq, revealed to Reuters that the new assembly plant, currently under construction since April near Karachi, represents a collaboration between BYD and Mega Motor Company, a subsidiary of Pakistani utility Hub Power. The facility is expected to have an initial production capacity of 25,000 units annually on a double shift schedule. However, he did not provide details on when the plant would reach full capacity or when mass production would start. Khaliq further explained that the plant would begin by assembling imported parts and locally producing non-electric components. The initial focus will be on supplying the domestic market, with the possibility of exporting to other right-hand drive countries in the region if it makes economic sense. BYD has already commenced delivering imported EVs in the country since March, with sales surpassing internal targets by 30%, although exact numbers were not disclosed. The market for EVs and plug-in hybrid cars in Pakistan is expected to grow significantly, with Khaliq anticipating a three to fourfold increase by 2025 from around 1,000 units last year. Khaliq noted that BYD is aiming for a 30-35% market share in this segment. According to a HUBCO filing, BYD Pakistan reported a profit of around PKR444m ($1.56m) in the March quarter of this year. The Pakistani market is set to welcome the upcoming launch of BYD's Shark 6 plug-in hybrid pickup truck. The Pakistani government is promoting EV adoption by reducing power tariffs for chargers by 45% in January and encouraging the establishment of private charging stations, addressing the current lack of infrastructure for all-electric vehicles. "BYD to start first car assembly in Pakistan by mid-2026 – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

Samsung killed its classic DeX mode in One UI 8, but there's a good reason
Samsung killed its classic DeX mode in One UI 8, but there's a good reason

Android Authority

time5 hours ago

  • Android Authority

Samsung killed its classic DeX mode in One UI 8, but there's a good reason

Mishaal Rahman / Android Authority TL;DR Samsung killed its 'classic' DeX in One UI 8, replacing it with a new version built on top of Google's native Desktop Mode in Android. This move aligns DeX with Google's broader effort to improve Android's desktop capabilities, which should benefit DeX in the long run. However, the new DeX is currently a downgrade for users, as it lacks many quality-of-life features that were present in the classic version. Samsung DeX is one of the best features of One UI, letting you transform your powerful Galaxy phone or tablet into a portable PC. You simply hook up your Galaxy device to an external display, fire up DeX mode, and connect some accessories, and you have a full desktop experience. DeX has evolved over the years, but the latest One UI 8 release brings its most significant changes yet. Samsung has killed off the 'classic' DeX experience, replacing it with a new version that's arguably a downgrade for now. However, this change is poised to pay off handsomely in the future. Here's why. Samsung introduced DeX with the Galaxy S8 series in 2017, over two years before Google added even a rudimentary desktop mode to Android. Because Android natively lacked much of the functionality DeX required, Samsung had to make significant under-the-hood changes to the operating system. For example, Samsung modified core Android components to add its own desktop windowing system, a dedicated desktop launcher, and an improved connected display experience. This required a massive effort that didn't stop at the initial launch, as Samsung had to carry these custom changes forward through multiple Android releases. Samsung is in the business of selling Android phones and Windows PCs (…and a ton of other things), though, so they have little incentive to invest heavily into transforming Android into a full-fledged desktop OS. As a result, DeX has long been just 'good enough' for casual users wanting to watch media or do light work on the go, but it has never been robust enough to fully replace a traditional PC for professionals. Google, however, is a different story. The company has spent years trying to break into the PC market with ChromeOS, which has seen major success in the education sector. But developing two operating systems simultaneously is inefficient, so Google is pooling its resources to merge the two platforms. This effort involves bringing many Chrome OS features to Android, such as a desktop version of Chrome with extension support, a Linux environment, and more. As part of these efforts, Google is finally adding proper desktop windowing and a new connected display experience to Android. The Android 16 release introduces a Desktop Mode with many DeX-like features, such as a taskbar at the bottom and support for freeform app windows. This new mode is, in fact, built on the very foundation of Samsung DeX. Google and Samsung collaborated to improve desktop windowing on Android, culminating in the new experience we see today. With Google now developing a native desktop mode for Android, there's no longer a need for Samsung to maintain its own heavily modified version of DeX. Doing so would be counterproductive, requiring Samsung to constantly adapt its code to Google's changes and risk breaking compatibility with apps built for large screens. While phone makers often stick with their own software features even after Google introduces a stock equivalent, this situation is different. Desktop Mode is poised to become a core part of Google's future Android strategy, making its adoption essential. Samsung actually began this migration in One UI 6.0 with its 'new' DeX mode for tablets. While the company still offered its 'classic' DeX as an option then, it has removed it in One UI 8 to focus on building features on top of Google's native Desktop Mode. This change is ultimately a good thing, as it means Samsung DeX will inherit the new features and improvements Google introduces in the coming years. However, the initial transition might annoy some users. The current version of DeX in One UI 8 lacks many of the small quality-of-life features that Samsung added to its classic mode over the years. With help from Reddit user FragmentedChicken, we compiled the following list of differences between Samsung's 'classic' DeX and the new DeX in One UI 8: The toggle to Auto start when HDMI is connected has been removed from DeX settings. However, this has been effectively replaced by the Extended option under Settings > Connected devices > Samsung DeX > Connected display, as by default, DeX will now start when the phone's screen is extended to an external display. Samsung DeX settings in One UI 8 Connected display settings in One UI 8 The settings for Taskbar , Keyboard , Set default audio input , and App icon badges have been removed. Taskbar: Can no longer toggle auto hide taskbar, toggle the navigation buttons, toggle the finder (search button), toggle the keyboard language, toggle the keyboard (either on screen or on phone), toggle the volume, or toggle the screenshot button. Keyboard: Can't set the on screen keyboard location either on the connected display or the phone by default, can't toggle showing the on screen keyboard when a physical keyboard is being used. Set default audio input: This setting made sounds play through the connected TV or monitor when Samsung DeX started. App icon badges: Changed how notifications were shown on app icons, either as a small number or a dot. , , , and have been removed. Classic Samsung DeX settings in One UI 7 App icon badge settings under classic DeX in One UI 7 Taskbar settings for classic DeX in One UI 7 Keyboard settings for classic DeX in One UI 7 The Flow pointer to phone screen page has been removed. This setting let you choose if you wanted to enable mouse continuity between the phone and external display. It has functionally been replaced by the Android 16 display topology feature that allows you to rearrange where your phone and external display are located in virtual space. However, mouse continuity is enabled by default now and cannot be disabled. page has been removed. This setting let you choose if you wanted to enable mouse continuity between the phone and external display. It has functionally been replaced by the Android 16 display topology feature that allows you to rearrange where your phone and external display are located in virtual space. However, mouse continuity is enabled by default now and cannot be disabled. Lock DeX and exit DeX buttons were removed from the app drawer: The lock DeX button locked DeX, requiring you to enter your phone's screen lock or biometrics. The Exit DeX button allowed you to quit DeX. and buttons were removed from the app drawer: The lock DeX button locked DeX, requiring you to enter your phone's screen lock or biometrics. The Exit DeX button allowed you to quit DeX. The Pin app button has been removed from apps' header bars. This button allowed you to pin an app to keep it on top of other apps you open. Flow pointer to phone screen settings for classic DeX in One UI 8 Lock DeX and exit DeX buttons for classic DeX in One UI 7 Pin button in app header for classic DeX in One UI 7 MultiStar removed the ' I❤️Samsung DeX ' menu. The 'High resolutions for external display' option is still there in the main MultiStar menu, but the 'run many apps at same time' which allowed you to run more than 5 apps at a time, auto open last app which allowed you to reopen the last app you had open, and set taskbar and header bar display time option which allows you to change the delay for showing the header bar have been removed. ' menu. The 'High resolutions for external display' option is still there in the main MultiStar menu, but the 'run many apps at same time' which allowed you to run more than 5 apps at a time, auto open last app which allowed you to reopen the last app you had open, and set taskbar and header bar display time option which allows you to change the delay for showing the header bar have been removed. Miscellaneous behavior changes You can't snap windows to the top anymore, but you can still double click app headers to maximize them. You can't right click the taskbar to access taskbar settings You can't right click the desktop to change how apps are sorted, clean up the desktop, or access screen zoom settings Finally, the app header bar and taskbar remain on screen even if you're trying to watch a video in full screen. Watching a full screen video in classic DeX on One UI 7 Watching a full screen video in the new DeX in One UI 8 As far as we can tell, the only proprietary DeX components that remain are its touchpad, wallpaper settings, S Pen integration, and wireless display connectivity. Fortunately, the new version of DeX retains most of the basic functionality of the classic experience, so most people should be satisfied with it. Samsung DeX home screen in One UI 8 New header bar dropdown options in One UI 8 DeX Redesigned app drawer in One UI 8's DeX Redesigned notifications tray in One UI 8's DeX Redesigned Quick Settings tray in One UI 8's DeX Redesigned recents menu in One UI 8's DeX While Samsung might add some classic features back in future updates, there's no guarantee. One thing is certain, however: Samsung won't be returning to its old DeX implementation. However, assuming Google commits to its desktop Android plans, the future for the new version of DeX looks bright. Got a tip? Talk to us! Email our staff at Email our staff at news@ . You can stay anonymous or get credit for the info, it's your choice.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store